Certificate of Deposit
Give your liquidity a defined horizon
A Certificate of Deposit can help eligible clients align available funds with a clear term, documented yield methodology and planned maturity date.
Purposeful deposit planning
Put time to work with a documented maturity plan
A Certificate of Deposit is designed for funds that can remain on deposit for an agreed period. The governing documents set out the depositor, currency, term, yield calculation, maturity treatment and any conditions affecting early access.
Prominence Bank begins with your liquidity objective and preferred horizon, then confirms whether an available term structure can be considered for the eligible applicant.
A clearer savings framework
Know the term, understand the treatment, plan for maturity
Defined term framework
The deposit period and maturity date are established in the case-specific documentation.
Documented yield method
The applicable rate, calculation basis and payment treatment are set out before acceptance.
Planned maturity outcome
Instructions for repayment, renewal or another available option can be established in advance.
Case-specific documentation
The eligible depositor, currency, amount, fees and conditions are confirmed for the individual case.
Understanding the terms
The rate is only one part of the decision
A well-understood Certificate of Deposit sets out how the entire deposit behaves from acceptance through maturity.
- Eligible depositor and issuing entity
- Deposit amount and available currency
- Term, start date and maturity date
- Yield calculation and payment treatment
- Early-access conditions, if any
- Maturity, renewal and closing instructions
Build around your horizon
Match the deposit term to when the liquidity is needed
The right horizon depends on your cash-flow plan, tolerance for restricted access and the structures available when the case is reviewed.
How it works
From deposit objective to documented maturity
Define the objective
Share the applicant, currency, indicative amount and preferred liquidity horizon.
Review eligibility
The applicant, jurisdiction and available term structures are assessed.
Confirm dated terms
The applicable rate sheet and deposit agreement set out the case-specific terms.
Complete acceptance
Required onboarding, approvals and documentation are completed through the designated process.
Manage maturity
The deposit follows its documented term and the applicable maturity instruction.
Documents that matter
Review the complete deposit framework before deciding
The definitive case documents should provide the information needed to understand the deposit—not simply an indicative headline.
Dated terms
The applicable amount, currency, term, rate and calculation basis for the specific offer period.
Deposit agreement
The depositor, issuing entity, account treatment, conditions, charges and contractual provisions.
Maturity instruction
The available repayment or renewal treatment and the process for confirming the chosen direction.
Frequently asked questions
Before choosing a term
Confirm the complete case-specific framework and how it fits your expected liquidity needs.
What is a Certificate of Deposit?
It is a deposit accepted for a defined term under an agreement that sets out the applicable yield methodology, maturity date and other conditions.
Which terms and currencies are available?
Availability is confirmed during the case review and may vary by applicant, jurisdiction, currency, amount and market conditions.
Can funds be accessed before maturity?
Any early-access right, condition or charge must be stated in the governing deposit documents. A depositor should select a term consistent with expected liquidity needs.
What happens at maturity?
The deposit follows the maturity treatment established in the agreement and the applicable instruction, which may include repayment or another available option.
Does this page publish a current rate?
No. Any current rate and complete terms must be supplied in dated, case-specific documentation for an eligible applicant.
Plan the maturity before committing the deposit.
Tell us the applicant, currency, indicative amount and preferred horizon. Our team can assess eligibility and explain the next step.
Service note: Availability, rates, terms, protection status and maturity options are case-specific and subject to eligibility, documentation and final approval; only dated governing documents define an offer.